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☆ Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
▼ + stars: | 2024-09-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering. Competitors Starling and Monzo, meanwhile, took more than three and four years to make their first profit, respectively. Others have managed to hit profitability faster. Zilch also said it topped £100 million ($130 million) in annual revenue run rate, doubling from the run rate it reported last year. Philip Belamant, Zilch's CEO and co-founder, told CNBC Tuesday that, despite the current high-interest rate environment, the firm was able to hit profitability by growing its business rather than cutting back like other fintechs have done.

Persons: Zilch, Starling, Monzo, Philip Belamant Organizations: CNBC

Opening a U.S. Bank Checking AccountYou can open a U.S. Bank checking account online or at a branch. Chase Bank ReviewU.S. Bank Checking Accounts vs. Wells Fargo Checking AccountsThere are four Wells Fargo checking accounts, including a checkless bank account similar to the U.S. Bank Safe Debit account. Wells Fargo ReviewWhy You Should Trust Us: How We Reviewed U.S. Bank Checking AccountsWe used our checking account methodology to review the two U.S. Bank checking accounts. U.S. Bank Checking FAQsWhat makes U.S. Bank checking accounts attractive to customers? A U.S. Bank checking account may attract new customers who want a top checking account bonus.

Persons: You'll, U.S . Bank Overdraft, It's, Wells, you'll Organizations: U.S, Bank, U.S . Bank, . Bank, Bank Smart, Start Banking U.S, Branch, Overdraft Protection U.S . Bank, overdrafts, Federal Insurance U.S, FDIC, U.S . Bank Mobile, Pinnacle, U.S . Bank Smart Rewards, Apple, Google, Banking, Consular, Bank Customer Service, Chase Bank Review U.S, Business, Bank Smart Rewards, Chevron, Samsung, PayPal, Garmin Locations: Midwest, West Coast, U.S, overdrafts, Wells Fargo, Chevron

☆ How startups can get in top shape for an IPO, according to Silicon Valley lawyer Louis Lehot
▼ + stars: | 2024-07-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

Louis Lehot, a Silicon Valley law-firm partner, specializes in taking companies from startup to IPO. The IPO market is expected to pick up later this year, so Business Insider emailed Silicon Valley lawyer Louis Lehot, a partner at Foley & Lardner, for advice on how startups should prepare for life as public companies. Are public market investors generally keen to invest in IPOs, or are they focused elsewhere? Public market investors are selective, focusing on established profitability and sustainable growth over speculative, high-growth stories. What are the key process changes companies need to make ahead of an IPO?

Persons: Louis Lehot, Lehot, —, Lardner, Collison Organizations: Service, Foley, Healthcare, Biotech, Green Energy, Enterprise, Street, Investor

It offers two savings accounts: Capital One 360 Performance Savings, which is a general account, and the Capital One 360 Kids Savings Account, which is a more specialized savings account for kids that parents can open. Capital One 360 Kids Savings Account interest rates are significantly lower than Capital One 360 Performance Savings's rates. Capital One Savings RatesThe Capital One 360 Performance Savings account pays 4.25% APY (Annual Percentage Yield) on all account balances. Understanding Capital One Savings Account Fees and ChargesCapital One 360 Performance Savings doesn't come with a lot of fees. Capital One offers two types of savings accounts: the Capital One 360 Performance Savings, a general account with a good interest rate, and the Capital One 360 Kids Savings Account, an account designed for parents who want to open a savings account for their child.

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Persons: Alliant, Foster, Ally, Cash, Charles Schwab, KeyBank, It's, you've, You'll Organizations: Alliant Credit Union Alliant, Credit Union, Alliant Credit Union, Alliant Credit, Ally Bank, American Express Bank, American Express National Bank, American Express, Axos Bank, Axos, BMO Alto BMO, BMO Bank N.A, FDIC, BMO Branch, BMO Alto, BMO, Savings, Charles Schwab Schwab, Charles, Charles Schwab Bank, Schwab, Green, Banking, The Bancorp Bank, Stride Bank, N.A, CIT Bank CIT Bank, CIT Bank, Connect, CIT, Citi Citi ®, BBB, Citi, Consumers Credit Union Consumers Credit, Consumers Credit Union, Consumers Credit, Delta Community Credit Union Delta Community Credit, Delta Community Credit, Utah Free, Discover, Discover Bank, Falcon International Bank Falcon International, Falcon, Falcon International Bank, Falcon International, Bank, Navy Federal Credit Union Navy Federal Free, Federal Credit Union, Federal Free, Navy Federal Credit Union, Department of Defense, Navy Federal Free, Regions Bank Regions, Regions Bank, Regions, State Employees Credit Union State Employees Credit, State Employees Credit Union, Service Credit, Service Credit Union, American Consumer, Security Service Credit Union Security, Security Service, UT, Stripes, Security Service Credit Union, The Security, Security Service Credit, TD, U.S . Bank U.S, U.S, U.S . Bank, State, . Bank Locations: CA, CT, NJ, NY, VA, FL, Chicago , Illinois, eDocuments, Metro Atlanta , Georgia, Kentucky , Texas, Georgia, Texas, AZ, Arizona , California, Colorado, U.S, North Carolina, Europe, New Hampshire, Massachusetts, Colorado , Texas, Utah, Midwest, Chevron, Banks

☆ CEO of Hong Kong's WeLab says digital banking continues to be a 'strong focus'
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO of Hong Kong's WeLab says digital banking continues to be a 'strong focus'Simon Loong, founder and group CEO of the fintech company, discusses its path to profitability.

Persons: Hong Kong's WeLab, Simon Loong

☆ Revolut moves global HQ to heart of London's financial district as it awaits UK bank license
▼ + stars: | 2024-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A mockup of what Revolut's new global HQ in Canary Wharf will look like. RevolutBritish financial technology firm Revolut announced Thursday that it's planning to move its official headquarters in London to Canary Wharf, the city's major financial district. Revolut will relocate its global headquarters to the YY London building in the center of Canary Wharf. Canary Wharf is London's main financial district, home to many of the world's largest banks, insurers, and other financial institutions. Revolut said that its decision to open a new global headquarters at the heart of the city demonstrates that the firm remains committed to the U.K. market.

Persons: Revolut, Francesca Carlesi, Revolut's, Nikolay Storonsky, Vlad Yatsenko —, — Organizations: Barclays, Citigroup, HSBC, Bank of England, Financial, Authority, Revolut's Locations: Canary, London, Revolut, Canary Wharf, U.K

☆ Stocks making the biggest moves after hours: Boot Barn, Nextracker, dLocal and more
▼ + stars: | 2024-05-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines after the bell : Boot Barn — The western apparel and footwear stock slid 7% after issuing light revenue and earnings guidance for the full year. Boot Barn said it expects earnings for the year to range between $4.55 and $4.85 a share, behind a FactSet estimate of $5.16 per share. Nextracker posted $737 million in revenue for the fiscal fourth quarter, topping an LSEG estimate of $682 million. DLocal reported earnings of 6 cents per share on $184.4 million revenue. Analysts polled by FactSet had expected earnings per share of 12 cents on $189.8 million in revenue.

Persons: Nextracker, —, DLocal, FactSet Organizations: Nu Holdings, Revenue, Uruguayan, Prestige Consumer Healthcare, Prestige Locations: Brazil

☆ Here are the top 15 companies in Singapore to work for, according to LinkedIn
▼ + stars: | 2024-04-17 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +1 min

These are the top companies to work for in Singapore in 2024, according to LinkedIn. Banks dominated the top 5 best companies in Singapore to work for, according to LinkedIn's list on the best workplaces in the country in 2024. "Commercial banking firms from banking to insurance and digital payments, dominated the 2024 LinkedIn Top Companies in Singapore, comprising more than half of the top 15 (up from 5 in 2023)," Pooja Chhabria, head of editorial for Asia-Pacific for LinkedIn told CNBC Make It. The list, released Wednesday, only includes companies that had at least 500 employees in Singapore as of the end of 2023. Here are the top five names on LinkedIn's 2024 list for Singapore:

Persons: Banks, Pooja Chhabria Organizations: LinkedIn, Companies, CNBC Locations: Singapore, Asia, Pacific

U.S. Attorney Damian Williams said conspiracy charges against KuCoin and two executives should warn other crypto exchanges that they cannot serve U.S. customers without following U.S. laws. An indictment in Manhattan federal court said the company and its founders tried to conceal the existence of its U.S. customer base. KuCoin was also required to cease New York operations after falsely representing itself as a crypto exchange without registering as a securities and commodities broker-dealer, James said. “KuCoin grew to service over 30 million customers, despite its alleged failure to follow laws necessary to ensuring the security and stability of our world’s digital banking infrastructure,” McCormack said. Three companies doing business as KuCoin were incorporated in the Cayman Islands, the Republic of Seychelles and Singapore.

Persons: Damian Williams, KuCoin, Letitia James, James, Williams, “, ”, Darren McCormack, “ KuCoin, ” McCormack, Johnny, Chun Gan, Ke Tang Organizations: New York, Homeland Security Investigations Locations: U.S, Manhattan, York, New York, China, Cayman Islands, Republic of Seychelles, Singapore

☆ Private credit may offer high yields, but investors should tread carefully. What to know
▼ + stars: | 2024-02-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Private credit has become a hot investment on Wall Street as institutional investors seek out alternative investments with attractive dividends. "Investors might consider allocating a portion of their portfolio to private credit, depending on their individual risk tolerance, investment horizon and financial goals." Private credit funds have yields generally in the low-teens, although it can vary, he said. In a February report on U.S. life insurance ratings, Fitch Ratings said, "elevated private credit borrower leverage and a relative deterioration in private credit terms and conditions during more competitive lending environments are adding to pressures in the credit quality of private credit assets." The majority of the portfolio is in direct lending private credit, but a portion is also in publicly-traded securities of larger corporate issuers.

Persons: SoFi, Vivek Paul, Paul, Goldman, Greg Olafson, David Solomon, Fitch, Lisa Kwasnowski, Blackstone, Kwasnowski, Chuck Failla, it's, Failla, Oppenheimer, Mitchel Penn, Penn, Ares Capital, They've Organizations: Street, Franklin BSP Private Credit Fund, CNBC, Wall, BlackRock, Research, Management, UBS, Blackstone Private Credit Fund, Sovereign Financial Group, Securities and Exchange Commission, Owl, Golub, Ares, Sixth, SEC Locations: DBRS Morningstar's

☆ Digital banking giant Revolut is launching phone plans for travelers in the UK
▼ + stars: | 2024-02-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Revolut is launching a travel eSIM plan in the U.K., in a rare move for a financial services firm. RevolutBritish financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services firm in the country to offer telecom plans, and among the first globally. The cost of using mobile data overseas has increased for Brits in recent years. Revolut has partnered with U.K. mobile network operator 1Global, formerly known as Truphone, to launch its eSIM. Launching phone plans is a rare step from a financial services firm.

Persons: Revolut, Tara Massoudi, Massoudi, we've, it's Organizations: CNBC, Ultra, Brits, BT, Vodafone, European Union Locations: Plenty

☆ Stocks making the biggest moves premarket: Google, Advanced Micro Devices, Starbucks and more
▼ + stars: | 2024-01-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The Google parent topped Wall Street's expectations on the top and bottom lines, but recorded advertising revenue of $65.52 billion. Advanced Micro Devices — The semiconductor company's shares slid 4.3% after posting fourth-quarter earnings Tuesday that came out in line with consensus expectations. Starbucks – Shares of the coffee chain were higher in premarket trading even after a disappointing financial update for its fiscal first quarter. Starbucks posted earnings per share of 90 cents, falling below analysts' expectations by 3 cents, according to LSEG. Manhattan Associates — The supply chain software provider surged 11% premarket after fourth quarter earnings and revenue topped analysts' highest estimates, and issued first quarter financial guidance that also surpassed expectations.

Persons: Byron Allen, Tesla, Elon Musk, Mondelez, Morgan Stanley, —, Macheel, Alex Harring, Samantha Subin, Yun Li, Scott Schnipper Organizations: Google, StreetAccount, Paramount Global, Paramount, AMD, Microsoft, Boeing, Starbucks, Technologies, Manhattan Associates Locations: LSEG, Delaware

☆ Stocks making the biggest moves midday: Alphabet, Boeing, AMD, Microsoft, Paramount and more
▼ + stars: | 2024-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Alphabet — Shares fell 6.3% after the company posted disappointing fourth-quarter advertising revenue. Late Tuesday, Alphabet posted beats on both top and bottom lines, but its advertising revenue of $65.52 billion fell below analysts' forecast of $65.94 billion, per StreetAccount. Starbucks — Shares fell 0.5% after the coffee giant issued disappointing forward guidance due to a boycott in the U.S. and a weaker Chinese consumer. Adjusted earnings per share for the fourth quarter came in at $3.46 versus the $3.27 expected, per FactSet. Manhattan Associates — The supply chain software provider surged 8% after fourth-quarter adjusted earnings and revenue topped analysts' estimates, per FactSet.

Persons: Byron Allen, NYCB, Tesla, Elon Musk, Roth, Morgan Stanley, SoFi, Stryker, Genuity, —, Alex Harring, Samantha Subin, Sarah Min, Jesse Pound, Lisa Kailai Han, Michelle Fox, Pia Singh Organizations: Boeing, Paramount, AMD, Microsoft, Starbucks, New York Community Bancorp, Bank, Technologies, Rockwell, —, Wall Street, Revenue, Manhattan Associates Locations: U.S, Delaware, Georgia

☆ These are Morgan Stanley's top sustainable plays for 2024
▼ + stars: | 2024-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Morgan Stanley released its top sustainability-themed investment ideas on Wednesday for the new year. Here are the top picks from Morgan Stanley, along with their associated theme and star-or-spark designation: Electric helicopter stock Joby made the list and is deemed a star. Morgan Stanley has a price target showing the stock could regain some of that lost ground, climbing almost 34% from where it ended Wednesday's session. Morgan Stanley's price target reflects the potential for shares to soar around 76% over the next 12 months. The rest of Wall Street sees a more muted upside, with an average price target implying an upside closer to 11%.

Persons: Morgan Stanley, Laura Sanchez, Kristine Liwag, Sanchez, That's, Corteva, Wells, Richard Garchitorena, Morgan Organizations: Electric, rideshares, Nu Holdings Locations: Wednesday's, Wells Fargo, America

☆ UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%
▼ + stars: | 2024-01-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The data from Innovate Finance, a financial technology industry body, shows that investment in fintechs last year sank $51.2 billion, down 48% from 2022 when total investment in the sector totaled $99 billion. The total number of fintech fundraising deals also sank considerably, to 3,973 in 2023 from 6,397 in 2022 — a 61% drop. That marks the first time the UAE has made it to the top 10 list of most well-funded fintech hubs in 2023, according to Innovate Finance. "Some of the markets now adopting this technology, we're seeing that reflected in investment numbers," Innovate Finance CEO Janine Hirt told CNBC earlier this week. Hirt noted that the momentum in Asia and the Middle East offered an opportunity for the U.K. to boost cooperation and partnerships with countries in those regions.

Persons: Janine Hirt, Hirt Organizations: CNBC, Finance, United, East Locations: fintechs, United Arab Emirates, UAE, France, Germany, Asia

☆ Stocks making the biggest moves midday: Salesforce, Snowflake, Discover, Victoria's Secret and more
▼ + stars: | 2023-11-30 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Snowflake — Snowflake shares rallied more than 4% after the cloud company posted stronger-than-expected quarterly results and an upbeat fourth-quarter product revenue forecast. The company posted adjusted earnings of 25 cents per share on $734 million in revenue. That topped the profit of 16 cents per share and revenue of $713 million expected by analysts polled by LSEG, formerly known as Refinitiv. Discover Financial — Shares jumped 4.7% after the digital banking company announced it was exploring the sale of its student loan portfolio. Victoria's Secret — The women's clothing retailer surged 15.9% after providing current-quarter guidance that was largely in line with analysts' expectations.

Persons: LSEG, Phillips, Elliott, Morgan Stanley, Nutanix, Synopsys, Ally, Baird, Petco, Wells, —, Samantha Subin, Yun Li, Michelle Fox, Lisa Kailai Han, Sarah Min Organizations: Dow Jones, Revenue, LSEG, Discover, Elliott Investment Management, CNBC, Hewlett Packard Enterprise, Nvidia, Jefferies, Wolfe Research, Barclays Locations: —

☆ HSBC apologises as thousands of UK customers locked out of digital banking
▼ + stars: | 2023-11-24 | by ( Lawrence White | ) www.reuters.com time to read: +2 min

A man speaks on a mobile phone in front of the head office of HSBC bank in Mumbai November 20, 2008. REUTERS/Arko Datta/File Photo Acquire Licensing RightsLONDON, Nov 24 (Reuters) - Thousands of HSBC (HSBA.L) customers in Britain on Friday reported they were unable to access some mobile and online banking services, the latest in a long-running series of such problems for British banks. "We’re working hard to restore HSBC UK’s Mobile and Online Banking service, including the authorising of online card purchases via the app," a spokesperson for the bank said. "We understand this is really frustrating for some of our customers, and we are really sorry for the inconvenience." "This HSBC outage will cause a real headache for a lot of its customers.

Persons: Arko Datta, Sam Richardson, Lawrence White, Hugh Lawson, Louise Heavens Organizations: HSBC, REUTERS, HSBC UK’s Mobile, Banking, Consumer, Bank of England, Thomson Locations: Mumbai, Britain

☆ UBS CEO says private buyer preferred outcome in case of rescue
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Nov 22 (Reuters) - UBS is one of the world’s safest large institutions, the Swiss bank's CEO said while speaking at a Swiss Risk Association event on Wednesday. "Even in the unlikely event of something going wrong at UBS, we have enough cushion before even speaking about a resolution of the bank and its very unlikely risk of a loss for the taxpayer," Sergio Ermotti said. Would UBS need to be rescued, Ermotti said a private buyer would continue to be preferable. The head of Switzerland's largest bank also advocated for certain regulatory improvements including strengthening the tools for early intervention by supervisors. Reporting by Noele Illien; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Ermotti, Ermotti, Noele, Jonathan Oatis Organizations: UBS, Swiss, Swiss Risk, Thomson Locations: ZURICH, Switzerland

☆ Jack Henry & Associates revenue rises on steady demand for fintech products
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Fintech firm Jack Henry & Associates (JKHY.O) reported a rise in its first-quarter revenue on Tuesday, helped by steady growth in its processing as well as services and support segments. Jack Henry's revenue jumped 8% to $571.4 million in the three months ended Sept. 30. Its services and support revenue increased, primarily driven by growth in data processing and hosting revenue. Core and payments segments revenue climbed 7.6% and 6.9%, respectively. Shares of Jack Henry, which serves banks, credit unions and financial services firms, have lost 18.3% of their value so far this year, through previous close.

Persons: Jack Henry &, David Foss, Jack Henry's, Jack Henry, Manya Saini, Shilpi Majumdar Organizations: Jack Henry & Associates, Thomson Locations: Bengaluru

DBS, which is also Southeast Asia's largest lender, has already forecast a record full-year profit for the current year. "Net profit (for 2024) to be maintained around record 2023 level," CEO Piyush Gupta said in results presentation materials. The bank's July-September net profit rose to S$2.63 billion ($1.94 billion) from S$2.24 billion a year earlier as total income grew to a record on higher interest margins and fee income. Besides higher global interest rates, Singapore banks have benefitted from strong inflows of wealth drawn in by the city-state's political stability. Smaller peer United Overseas Bank (UOBH.SI) reported in end-October a weaker-than-expected 1% drop in third-quarter net profit.

Persons: Ann Wang, Piyush Gupta, Gupta, Yantoultra Ngui, Josie Kao Organizations: DBS, REUTERS, Bank, Q3 SINGAPORE, LSEG, United Overseas Bank, Chinese Banking Corp, Thomson Locations: Taipei, Taiwan, Singapore

☆ Kakao faces growing regulatory risks as political scrutiny rises
▼ + stars: | 2023-11-03 | by ( Joyce Lee | ) www.reuters.com time to read: +4 min

The Kakao messaging application and the Kakao T taxi booking application are seen on a mobile phone in this illustration photo March 13, 2018. South Korean President Yoon Suk Yeol told a public meeting on Wednesday that the market behaviour of Kakao Mobility's taxi-hailing service was monopolistic and required a review. Its regulatory troubles escalated last month when one of its executives was arrested for suspected stock market manipulation during its acquisition of K-Pop agency SM Entertainment (041510.KQ). Last week, regulator Financial Supervisory Service (FSS) said it will refer Kakao, its affiliate Kakao Entertainment and executives involved in the SM Entertainment acquisition to public prosecutors for suspected violation of the Capital Markets Act. "It is necessary to pay attention to legal risks, as problems may arise in the status of KakaoBank depending on the probes' results."

Persons: Thomas White, Yoon Suk Yeol, Kakao, Oh Dong, hwan, Joyce Lee, Miyoung Kim, Sam Holmes Organizations: REUTERS, Kakao Corp, Naver Corp, Reuters, Mobility, SM Entertainment, Financial Supervisory Service, Kakao Entertainment, Pension Service, NPS, Samsung Securities, Thomson Locations: SEOUL, Korean, Kakao

The Swiss National Bank and the Swiss Finance Ministry are part of the conversations with lenders, one source said. A representative for the finance ministry said that the issue of bank runs is part of an overall evaluation of the too-big-to-fail regulatory framework in Switzerland. Regulators worldwide have since been grappling with the risk of bank runs, which in the era of digital banking have accelerated in speed. Financial regulators will need to make sure that banks retain adequate financial buffers as advances in technology increase the risk of bank runs, Bank of England executive director for markets, Andrew Hauser, said on Friday at a conference in London. They risk penalizing Swiss banks if they were to be introduced only in Switzerland, one of the sources said.

Persons: SNB, Zürcher, PostFinance, Raiffeisen, Andrew Hauser, Thomas Jordan, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, John O'Donnell, Paritosh Bansal, Nick Zieminski Organizations: UBS, Swiss National Bank, Swiss Finance Ministry, Reuters, Swiss, Raiffeisen, Credit Suisse, Regulators, Bank of England, Thomson Locations: ZURICH, Switzerland, Swiss, Zurich, U.S, London, Bern

☆ Piyush Gupta: Asia’s most disrupted digital banker
▼ + stars: | 2023-11-02 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

Piyush Gupta, CEO of DBS Group (DBSM.SI) is often lauded as Asia’s top financier and has been tipped as a candidate to lead global rivals. Yet following repeated serious failures in its digital banking services, the Monetary Authority of Singapore has banned DBS from non-essential activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas where the lender is busy expanding. On the back of record profits, Gupta earned $11.4 million last year, making him one of Asia’s highest remunerated bank CEOs. MAS will retain a multiplier of 1.8 times to DBS’ risk weighted assets for operational risk, an increase from a multiplier of 1.5 times MAS applied in February 2022.

Persons: Piyush Gupta, Ping, aren’t, OCBC’s, Peter Seah, Gupta, Breakingviews, he’s, Una Galani, Thomas Shum Organizations: Reuters, DBS Group, HK, HSBC, Monetary Authority of, DBS, MAS, Lakshmi, Bank, Monetary Authority of Singapore, Thomson Locations: SINGAPORE, Monetary Authority of Singapore, India, Taiwan, Singapore

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